As the date for the 2023/general election draw closer, we have quite a good number of development in Nigera and one of which is the adoption of electronic voting and inline with the new electoral law that will allow inec to conduct a free and fair election,  and to achieve that is the adoption of electronics voting which is part of the electoral law passed recently,  and in practice inec have adopt a numbers of ways to get the electorates prepared ahead of the poll every registered voters in Nigeria can now verify the status of their voters card on the inec website.
Below is link to verify your voters status
https://voters.inecnigeria.org

 As the new monetary policy of the apex bank in Nigeria CBN get to it take off level, there are a lot of new development that many Nigerians are not yet aware of, and for that I decided to start this discussion thread where we can update and educate ourselves as the policies unfolds.
Notably in recent discussion is the rebranding of the Naira notes followed by new transactions limits on individual and cooperate accounts.
But our point of discussion is mainly on the newly established new National domestic card,  that will replace other cards such as master cards, visa card and all other credits/debits cards in the country. As it is the roll out of the card will begin from the 16th of January, and a lot of awareness need to be made about this development so at that I decided to bring it up here let us examine and explore it advantages against the other privately own card services around the world and what to look out for in all this development.

The apex bank's governor, Godwin Emefiele, is optimistic about the card scheme prospects in Africa. Image Source: Legit

Nigeria’s central bank has today made good on its intentions to launch a national domestic card scheme, AfriGo. The scheme, which was initially announced at a Bankers’ Committee press briefing in October 2022, introduces the central bank into the triopoly of card payment schemes in Nigeria’s card payments market.

According to the CBN governor, Godwin Emefiele, this move will drive financial inclusion and concentrate card financial data in Nigeria, even as it serves as a symbol of national pride for its adopters.

“The national domestic card avails us the sovereignty of our data. Secondly, it comes at lower costs, ” he said.

With the annual value of card transactions in the Nigeria cards and payments market capped at $18.2 billion in 2021, Nigeria remains a huge market for players in the card payments market, which is largely dominated by global players like Mastercard and Visa, with Verve by Interswitch following behind.

These global companies provide central payment networks which they link to debit and credit cards to enable and facilitate cash transactions with the card. The cards can then be issued to customers by banks, financial institutions, or even shopping malls.

By breaking the triopoly and establishing a national card payment scheme, the CBN, in partnership with the Nigeria Inter-Bank Settlement System (NIBSS), is positioning itself to disrupt and possibly dominate a fast-growing market. The CBN cites reduced operating costs and optimised foreign exchange usage as the hallmarks of its latest fintech foray.

“At this time when foreign exchange challenges persist globally, it is important for me to say that we have come up with this card to ensure that all online card transactions will now, effective immediately, begin to go on the nigerian national domestic system,” Emefiele said.

“NIBSS and CBN will work together to make sure foreign exchange is charged for only international transactions made on Visa and Mastercards as we have it now. This is so because many of the cards we use currently charge in foreign currency. However, with the launch of the national domestic card, all domestic transactions are to be carried out on the national domestic card scheme,” he added, speaking further on the payment of forex.

Notably, this “homegrown” scheme is the first of its kind in Africa, but it’s a route common to some top economies like China, India, Brazil, and Turkey. In India, Rupay, the government-backed card payment scheme, dominates the card market, owing to its efficiency, relatively low cost, and policy backing. To date, more than 600 million Rupay cards have been issued.

Mr. Premier Oiwoh, the managing director/CEO of the NIBSS, noted that the scheme was developed to address the specific pain points of Nigeria’s payment industry and provide customised innovative offerings.

If this scheme records the successes of Rupay, then Nigerians will be able to pay lesser amounts for debit cards and the likes. But the question of reliability and interoperability can only be truly answered when the cards enter circulation.

Speaking on how this move could stifle competition from global players, Emefiele said, “The Nigerian market is vast and the current participants have done so much in the last 12 years to transform the ecosystem. Yet there is much ground to cover as millions of Nigerians are still without cards to consummate transactions.”

“I am convinced that the national domestic card scheme will make this a reality in the coming months. We can no longer neglect the vast majority of Nigerians,” he added.

AfriGOpay Financial Services Limited (AFSL), a NIBSS-affiliated organisation, is responsible for deploying and overseeing the adoption of the national domestic card scheme.

[So the question is.]

Every market situation always have a high impact on alternative cryptocurrencies more than Bitcoin, this is due to so many features that differentiate Bitcoin from altcoins.
Even though alternative cryptocurrencies are best for short-term speculation and not meant to be held for long due to their unstable market reactions.
So the question is.
1: What is the impact of FTX bankruptcy sega on your
    altcoin portfolio?
2: what is the level of your portfolio recovery because I am well aware that some coins have started recovering already,  but we can't be certain how long that recovery will last.

[This led me to this question]

One thing that has disturbed me a lot lately and that has awakened my thoughts lately is casino bonuses and how it works, if you can recall, most of the casinos offer various bonuses and other promotions because that is one of the fasted ways to attract new and old players to continue playing on the casino. But one of the major challenges that gamblers face with these bonuses and promos are the rules that are attached to them, e.g wagering requirements and other rules that need to be met before withdrawals are processed.
This led me to this question
1: What is your opinion on casinos that offers wagering requirements on both deposit and bonuses?
2: what do you think, if all necessary security checks are up to 100% and Abuse is totally eliminated from casinos, do you think gambling sites will make a no wagering requirement on their bonuses?
3: what conditional do you think could perfectly replace the wagering requirement in a casino that will serve players' purposes and also protect the revenue of the casino

So I was surfing through Reddit today and I stumbled open thos rating, and going through raised a lot of questions in my head, as to what extent that Litecoin rated highest in cryptocurrency adoption.
Although the process of the rating was based on number of new wallets download which to.me may not be accurate for this kind of rating, but a lot of litecoin fans are.of positive mindset that this is an indication of wider community acceptance of the coin because of it roles and the utility usage and flexibility of the coin compared to.other coins like Ethereum and bitcoin.

Source: https://www.reddit.com/r/litecoin/comments/x1hw8e/litecoin_adoption_continues_to_outpace_bitcoin/?utm_medium=android_app&utm_source=share

[PHCN]

As the gap for Bitcoin adoption in the African Largest country Nigeria 🇳🇬 and also referred to as, Giant of Africa Nigeria get widening.
 Nigeria is among highest country in cryptocurrency trading volume, Next to countries like the United States 🇺🇸. Even though the government have not made a public announcement of cryptocurrency adoption.
A large number of Nigeria 🇳🇬 citizens are now aware of the fact that Bitcoin proffered best solution as an alternative currency. PHCN the body responsible for energy control and collection of power revenue Bills and Pre-paid customers, have adopted Bitcoin and other cryptocurrencies for payment of energy consumption in Nigeria.

More reading and source: https://thecryptobasic.com/2022/08/10/nigerians-can-now-pay-their-utility-bills-with-bitcoin/

Bitcoin talk is the most popular Bitcoin online memory and data bank, it serves as a blockchain-first digital hub for both analysts and researchers. Some members here came to the know about this forum through Google search and other knowledge base quests, but the most important thing is that we are all here and history have made this forum unique with a large number of members here that have first-hand knowledge since its inception of Bitcoin and bitcointalk even Satoshi Nakamoto is a member of this Noble forum after creating the forum. This thread is created as a reminder to everyone that, this forum is noble enough and every legitimate member needs to take the best shot. In the future you will witness that you started on a good note and you are privileged to add to the general understanding of Bitcoin, blockchain and the forum and I most say bitcointalk is the best cryptocurrency social media with first-hand information guided by rules and regulation that help shape the general perspective and actions of every member.

Bitcoin with a circulating supply of 21 million Bitcoin, with a highly decentralized network that has high privacy that made it impossible for third-party involvement, this made it hard for lost coins to be used in the future according to so many Bitcoin supporters they consider lost Bitcoin as a donation to the rest of other holders. because of market value but in the real sense, those Bitcoin become unused and lost forever. If this continues Bitcoin will soon become out of reach to the unbanked who are part of the satoshi's original idea included in the Bitcoin whitepaper. we have billions bits in Bitcoin but how many bits are active or inactive this need, brought me to this conclusion that lost Bitcoin shouldn't be lost forever but rather reused since Bitcoin limited 21 million circulating supply Bitcoin is not enough and have become scarce resources/currency that is reflected in the current price. I like to see the opinion other forum members on this thought.

[My word of Advice to newbies and crypto newcomers]

 My word of Advice to newbies and crypto newcomers
Bitcoin is at its most exciting season again with the drop in price comes with two perspectives, in this season you will hear more of these two words 1 FOMO 2 Buy the dip, but as far as I know is better to do less FOMO, and more buying with $25,000 i can now own 1 BTC what a privilege, many thought BTC can never come down to this price again since Bitcoin became too expensive when it rise to almost 70k few months back. But now Bitcoin have bottom down to below 25k once again and i will suggest newbies stay away from fuds and buy the dip if you have spear money to do so.

[The chart below shows the growth of Bitcoin lighting network]

With the problem of high fees and long transaction confirmation time faced in the Bitcoin network which is always associated with price rise, which is most evident during bull run season as seen during the 2021 bull market, quite a large number of Bitcoin users are now diving into the adoption of Bitcoin lighting network a layer 2 network on the Bitcoin blockchain that offers cheaper transaction fees and faster transaction confirmation time. This growth in the adoption of lighting network has resulted in an increase in the lighting network capacity from 1000 Bitcoin in a transaction in 2021 to up to 3600 Bitcoin in transactions in the LN, this increase has made many wonders as to how and where the layer 2 networks on the native Bitcoin blockchain network will work to harmonize it balance operation interacting an unchain network with the original Bitcoin network. This new processing capacity will eventually give birth to more network demands on the unchain network that has promised to provide a better alternative to the Bitcoin network.
The chart below shows the growth of Bitcoin lighting network

Such: https://bitcoinist.com/bitcoin-lightning-network-capacity-reaches-new-ath/

[Only invest what you can afford to lose at whatever time.]

Warning Only invest what you can afford to lose at whatever time.
At whatever point as a newbie in cryptocurrency one needs to eliminate the tendency for fear and greed, these two bad personalities can affect your total well being in the cryptocurrencies market, if you noticed a lot of investors who jump on a coin just for the sake of making a quick buck are the ones who mostly cry when the price goes against their prediction. This situation has placed most newbies in an unrecoverable condition so I feel it important we all get some things straight before putting our eggs in any basket if not the basket will wider the chances of making any profits from putting our egg in them. Don't get greedy always move within your limit, and grow along the line. Don't be quick to make a decision just because a coin did 10x.

[happy Children's day]

happy Children's day
I never new how exciting and important children day was until I and my spouse welcomed our child recently and since then I have taken everything that relate to children very important, as children reminds us of the purity of nature.
So I started reminiscing on the important things I can teach my children at their early stages that will have a lifelong positive impact on them and among all other things I choose to teach them cryptocurrency BTC, teaching them the basic fundamental knowledge on the value for money and financial discipline, how to own and operate cryptocurrency related activities, How to recognize scam and most importantly the technicalities around Bitcoin/crypticurrency
This was born out of the motivation I got from my previous thread about the 14 years boy and the sister who are earning multiple stream of income from mining on their gaming computer, with the help of the father you can check it here:

I was amazed by this news of 14 years old and his 9 years sister making a living through ethereum mining which generates them $32k monthly income, this is so incredible and highly commended, the kids use their old gaming computer to start up this amazing business and there are already expanding. I guess our kids are already taking advantage of the gains of blockchain and are already doing amazing stuff through the blockchain.
Kid making $30000 monthly income.

Link to news
https://finance.yahoo.com/news/14-9-years-old-making-165453877.html

Bitcoin ATMs have become one of the booming businesses around the cryptocurrency business environment lately aside from the fact that Bitcoin ATMs make accessibility of Bitcoin easier for users who want to transact in private and to remain anonymous. Bitcoin ATM operators charges higher fees even more than exchanges which is why most digital assets company dive into the thriving new business by operating a Bitcoin ATM kiosk all around with the latest being Kwik trip a convenience store base in Wisconsin in collaboration with coinsource a taxas based cryptocurrency firm to established 800 new Bitcoin ATMs but the 11% charges in fees, it becomes a major turn off to most Bitcoin users but on a general note 800 Bitcoin ATM is a good move to Bitcoin adoption.
Source: https://cryptonews.net/6684027

The LUNAtic community have been thrown into distress in the late hours of Monday when the CEO of the stable coin DO KWONthat faced the biggest attack in cryptocurrency history in the last week when Luna market price crashed below the trench hold resulting in heavy losses to the stable coin holders, the community hope was beginning to see some light when some top cryptocurrency investors and experts e.g CZ CEO binance and the rest made suggestion of a burn and by a back mechanism in other for luna to make a bounce back. But the LUNA community was disappointed this evening when the CEO announced that the coin will change the chain and forking of the coin many see this as a waste of developers' funds and also minting new coin that will result in a loss of the value of Luna.

Luna 2.0 version will this succeed or it will further destroy the stable coin value I do not think what the CEO (DO KWON) is prescribing will give a lasting solution to the LUNA network.
Source:
https://cryptonews.net/6644139/?utm_source=CryptoNews&utm_medium=app&utm_campaign

When you talk about the freedom you should always point to the view of many scholars who have defined the subject (freedom) it's a compound world at the same time a simple word, which simply means the right to do what you want to and when you want. And one of the ways the government has held its citizen bound is in the financial freedom which is the most important type of freedom because it translates into economic freedom.
Bitcoin on the other hand offers its, users, the total freedom they deserve both in financial freedom and also in the knowledge of how transactions are handled and verify this gives Bitcoin users the total freedom. spend their money whatever way and in whichever amount. Bitcoin activities on the other hand are more profitable compared to other physical traditional activities which have made it users totally free.
What do you think about Bitcoin&freedom

As the cryptocurrency community keeps expanding and the entire cryptocurrency ecosystem is growing a lot of development has been focused on the need to make Bitcoin usage easy and faster haven't witnessed Bitcoin network congestion in the past which always result in I in high transactions fees in the bitcoin blockchain and transactions taking longer time to get confirmed, so there was a need for the development of the Bitcoin lightning network (LN).
The entire Bitcoin community welcomed this development to ease the users of low fees and faster transaction time.
But the surprise of many Bitcoin analysts quite a good number of the world-leading cryptocurrency exchange have failed to integrate the bitcoin lightning network into the exchange networks, what seem to be the reasons is unknown and those exchanges have not made any public announcement or comments as regards such refusal to integrate a utility service such as LN into the exchanges.
What can be the reason behind this exchange's actions not to integrate the Bitcoin lightning network into the services?

This question has got me thinking of the possibility we could have been enjoying if there is nothing like the Ethereum blockchain that gave possibilities to the development of all the other chains in the crypto space today, I know one of the advantages of the ethereum blockchain is the fact that it gives room for scalability and possibilities of getting services that the Bitcoin blockchain may lack. But another setback is the adoption level since the ethereum blockchain gave birth to several cryptocurrencies it makes it hard for mainstream recognition of a single crypto coin which was the original intention of bitcoin.

Bet9ja the leading and most popular gambling platform in Nigeria 🇳🇬 have been hacked, in the last 3 days back user who mostly deals with sports betting have faced challenges and the hacker is making Ransome by it get released to the operator, rumor has it that the hackers of Russia 🇷🇺 origin but no proof on that yet.
Source: https://www.vanguardngr.com/2022/04/fg-condemns-hacking-of-bet9ja

[Second Charity Work]

First, before I start I want to seek your indulgence[/b]
I don't want to bore you guys with plenty speech so I will be brief and direct to the point:
So I decided to take care of some community amenities that have been broken down and need some maintenance since a leave in a remote area where the presence of the government is hardly felt by the citizens so the responsibility of maintaining some key services such like water supply can easily be down due to need for maintenance so I fix it and payment made from Bitcoin which gave me a big relief as to how Bitcoin have become an alternative to the traditional currency.
Second Charity Work
I have also decided to make a free Bitcoin training for 30 youths from my locality and the focus of the crypto training will be on Bitcoin and how it operate with some other tools that will guide the participants through their Bitcoin journey.

Your advice suggestions are welcome on the second charity which is the training of young youths on blockchain Bitcoin education.

As the rate of Bitcoin ATM increased it has become evident that holders of Bitcoin can spend their Bitcoin at any shops or outlet, this give Bitcoin the mainstream adoption and the rate of Bitcoin ATM increase to a very high and the previous year 2021 saw where bitcoin ATM we're installed in gas stations and now pos outlets now accept Bitcoin debit cards for various transactions/payment. About 20,000 Bitcoin ATM was installed in 2021 and that has not stopped as the have been an installation of over 3,000 Bitcoin ATM in the first quarter of the year 2022. This data was show on the news:
 https://news.bitcoin.com/tracker-shows-close-to-3000-crypto-atms-were-installed-in-2022s-first-quarter/